Branding health
As more customers look to branded residences for a retreat or second home away from urban hustle, well-being needs to be a focal selling point.
The persistent pandemic crisis at home and abroad is a decisive factor in whether the long-awaited land and building tax, which is the Fiscal Policy Office's (FPO) brainchild of 25 years, will produce the desired impact or not.
After heavy discounts to clear inventory and a sharp decrease in new supply, the Bangkok condo market will likely be in a correction until next year and take a few years to return to normal.
As more customers look to branded residences for a retreat or second home away from urban hustle, well-being needs to be a focal selling point.
The residential market in Rayong will improve next year, led by low-rise housing segment, while a recovery in Chon Buri is foreseeable in 2022, according to the Real Estate Information Center (REIC).
As more customers look to branded residences for a retreat or second home away from urban hustle, well-being needs to be a focal selling point.
Residential developers are accelerating business adjustment and new strategies to cope with a property market slowdown and an economic downturn due to the pandemic which is expected to last until next year.
After heavy discounts to clear inventory and a sharp decrease in new supply, the Bangkok condo market will likely be in a correction until next year and take a few years to return to normal.
The persistent pandemic crisis at home and abroad is a decisive factor in whether the long-awaited land and building tax, which is the Fiscal Policy Office's (FPO) brainchild of 25 years, will produce the desired impact or not.
Despite being the most resilient property sector, the Bangkok office market is being challenged by economic uncertainty during and after the coronavirus pandemic, with an influx of future supply either planned or under construction.
Although the most challenging period for retailers seems to have passed, a high degree of uncertainty in Thailand's 3.6-trillion-baht retail market is expected to remain until next year.
Many big-ticket mass transit projects have been subject to delays from their original schedules. The impact of the coronavirus outbreak is not alone to be blamed; other snags have included the slow formation of a government after the March 2019 election, as well as policy rejigs by the Transport Ministry, which is controlled by a representative from the Bhumjaithai Party.
The luxury housing market remains active during the pandemic as buyers enjoy strong purchasing power, with many looking for units as a second home, according to property experts.
Lower prices at residential projects and attractive interest rates for housing loans are supporting healthy mortgage loan growth amid the Covid-19 pandemic, with the positive trend mainly deriving from real demand.
The residential market in Rayong will improve next year, led by low-rise housing segment, while a recovery in Chon Buri is foreseeable in 2022, according to the Real Estate Information Center (REIC).
